MBA in Retail Management First of all you have to understand the meaning of Retail Management, Retail means the sale of goods, services, and satisfaction to consumers. Management means the proper utilization of resources. Retail management is an integrated part of supply chain management. 7-8 years ago, Retail has been just selling goods in the market place, stores, door to door delivery, and by hand delivery. But now, the retail industries are establishing network marketing through online shopping, electronic payments, and delivery through the courier and other services. In other words, Retail management means that it is a subject that requires you to be fully aware of brands, marketing strategies, and retail philosophies winning the costumers.